Published: 2025-01-08T03:23:45.000Z
Chart USD/IDR Updates: Lower in consolidation within a 3-week range area
Technical Analyst
2
Lowered in consolidation within a 3-week range area from the 16304, December high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16330 | * | 30 Jul high | S1 | 16100 | * | congestion | |
| R3 | 16304 | ** | 20 Dec high | S2 | 16059 | ** | 31 Dec low | |
| R2 | 16259 | * | 2 Jan high | S3 | 16000 | * | congestion | |
| R1 | 16200 | * | congestion | S4 | 15969 | ** | 4 Dec high |
Asterisk denotes strength of level
03:20 GMT - Lowered in consolidation within a 3-week range area from the 16304, December high. Daily studies have turned mixed and suggest scope for pullback to retest the 16100 congestion then the 16059, 31 December low. Break of these to extend pullback from the 16304 and see room to retrace strong gains from the September low to 16000 congestion and 15969, 4 December high. Meanwhile, resistance is lowered to 16200 congestion which is expected to cap and sustain losses from the 16259/16304, lower highs.